Anand Rathi Share & Stock Brokers Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹255Cr
- +28.1% YoY
- +2.8% QoQ
- Net profit
- ₹42Cr
- +121.1% YoY
- +10.5% QoQ
- Margin
- 43%
- +6 pp YoY
- +2 pp QoQ
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The short version
Broking revenue targeted to grow around 15% year-on-year, despite market volatility. Anand Rathi aims for steady growth in both broking and non-broking segments, targeting a balanced revenue mix of approximately 50-50.
From Anand Rathi Share & Stock Brokers Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Broking revenue targeted to grow around 15% year-on-year, despite market volatility.
- Non-broking business, including Margin Trading Facility (MTF) and distribution, expected to grow strongly at approximately 40%-45% annually.
- Overall revenue growth aimed between 15% to 20% year-on-year.
- Broking and non-broking segments targeted to achieve a revenue mix of about 50-50 in coming years for balanced and stable growth.
- MTF book growth disciplined, with target to reach ₹15,000 million by FY26; reported 61% YoY growth for FY26.
- Distribution income expanding significantly, growing 44.1% for full year FY26, with focus on cross-selling and wider product basket.
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Profitability & Margins
Anand Rathi aims for steady growth in both broking and non-broking segments, targeting a balanced revenue…
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Capital Expenditure Plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The company raised ₹ 745 crores through an IPO in September 2025 to strengthen its business, especially…
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Order Book & Pipeline
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Anand Rathi Share & Stock Brokers Ltd — Quarterly revenue & net profit
Anand Rathi Share & Stock Brokers Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 255 | 199 | +28.1% | 248 | +2.8% |
| Operating profit (EBITDA) | 111 | 73 | +52.1% | 102 | +8.8% |
| Operating margin | 43% | 37% | +6 pp | 41% | +2 pp |
| Profit before tax | 54 | 26 | +107.7% | 51 | +5.9% |
| Net profit (PAT) | 42 | 19 | +121.1% | 38 | +10.5% |
| EPS (₹) | 6.69 | 4.20 | +59.3% | 6.04 | +10.8% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹273 Cr, net profit ₹42 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Anand Rathi Shar's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Anand Rathi Share & Stock Brokers Ltd Q4 FY26 results?
Broking revenue targeted to grow around 15% year-on-year, despite market volatility. Anand Rathi aims for steady growth in both broking and non-broking segments, targeting a balanced revenue mix of approximately 50-50.
What is Anand Rathi Share & Stock Brokers Ltd share price analysis?
Anand Rathi Share & Stock Brokers Ltd currently shows a neutral. The stock trades at a P/E of 21.4 with a market cap of ₹3,166 Cr. Investors should review the full earnings analysis for detailed insights.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.